Model Risk Senior Analyst
BELONG. Theres no place like Principality.
Our home is your home. So, when you decide to join the team, well go further to bring you the warmest of welcomes. From a friendly and inviting environment to a flexible benefit package designed around you when it comes to belonging, there really is no place like Principality. We keep it flexible wherever possible; we encourage you to look after yourself; we do our bit in the communities we serve and support you in doing the same, and we promise to get better together.
Some reasons you may want to consider working with us; we have an award-winning flexible/hybrid working policy, were a winner of UK Best Large Workplaces for Women, we have a refurbished hi-tech office in the centre of Cardiff designed around colleague feedback, we ranked number 6 for wellbeing in ,we have an extensive financial and well-being benefits package Belong designed to put our people first, we have consistent colleague engagement scores of over 85% and a caring community of supportive Networks. But thats not all, discover why theres really no place like Principality;
We have a new and exciting opportunity for an experienced Model Risk Senior Analyst to join our team.
As a, Model Risk Senior Analyst you will support implementation and embedding of the Model Risk Management Framework and ensure compliance with the regulatory requirements.
This is a crucial role for Principality Building Society to carry out independent model validations effectively and ensuring appropriate governance and accountability for Model risk to which the Society is exposed.
Responsibilities will include:
1. Maintain the Society's central database for information on models and associated data capture.
2. Conduct model implementation code checks and develop challenger models/approaches. Review key documents that support the MRM framework.
3. Conduct periodic reviews of models and communicate with Stakeholders across the business to raise awareness of data requests and requirements.
4. Conduct thematic reviews and 'deep dive' investigations into focus model risk areas identifying weaknesses and areas of opportunities.
5. Oversee successful completion of various MRM tasks across the business, such as periodic attestations of model suitability by model owners.
6. Enhance the operational functionality of MRM processes and produce regular MI for senior committees, including various metrics to expose risks and supported by insightful commentary.
What we are looking for:
7. Experience with modelling or model risk management (i.e. development, validation or reporting) ideally credit or financial models
8. Technical programming skills (VBA, SAS or similar)
9. Experience with data manipulation or MI development
10. Awareness of relevant regulatory environment and governance frameworks
11. Previous experience in analytical role
12. Experience with process development
13. Proficient in Excel, Work and PowerPoint
14. Strong communication skills and ability to influence
15. Good collaboration, organisation and planning skills
If youre passionate about model risk management and want to work in a dynamic, people-focused organisation, wed love to hear from you.
We reserve the right to close this vacancy early should we receive a high volume of applications.
Our most important asset is our people. We value a healthy work-life balance and currently offer a 35-hour work week with our hybrid approach enabling you to have a mix of office days and remote working.
Your base location for this role will be our Head Office, Principality House, The Friary, Cardiff, CF10 3FA
If you have any questions in relation to this role, please contact the recruitment team at
We are passionate about creating an inclusive workplace where diversity is celebrated and where colleagues feel a sense of belonging Nigel Taylor Head of Brand, Impact & Communication. But dont just take our word for it, see what our colleagues say about working here too;
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